Assume that, based on your professional judgment, you made the following initial planning judgments at your client. In this scenario, you can make risk assessments at five levels (i.e., very low, low, moderate, high, very high).

YOUR INITIAL PLANNING JUDGMENTS:

AR	IR	CR	DR
Initially set at _____	You assessed	You assessed	You computed

Now assume that your audit manager reviewed your planning judgments and disagreed with your CR assessment. The audit manager, based on her professional judgment, deemed that CR should be assessed at Medium rather than High

Based on your INITIAL Planning judgments, do you expect the amount of audit evidence required to be (LOW, MEDIUM, or HIGH). Briefly justify your response.

Please help reviewing for final and need to understand this

Based on the one change made by the audit manager, you expect the amount of audit evidence required to be higher or lower than your INITIAL PLANNING JUDGEMENT. Briefly Justify your response.